OK, in my conversations with you, you’re obviously concerned. You’re seeing a White House Spokeswoman tell you with a straight face that higher prices are a “sacrifice” we all have to make. That’s just stupid. Has there ever been a more out of touch administration? How about blue-state politicians and corporate elite? They recently figured out where Kyiv is on a map and tell us we need to defend it. Why?
What about defending our southern border? What about all the energy that’s untapped here? Why are we letting Putin push us around? How much money is the Biden family beholden to in Ukraine? It’s like the elites want $150 oil to justify their broken windmills, solar panels, and financial support for China which continues to crank out coal plants by the hour. Where’s the pushback against China?
If you’re with me you know Your Survival Guy, like Richard Young, always follows the Prudent Man Rule. This is nothing new, it’s written in stone like one of the ten commandments. Russia is an excuse for the elites to live their lives unchecked. They want the distraction. They want to treat you like their piggy bank. That’s why you’re seeing red state Americans focus on a return to states’ rights. Do you favor a pro-business, Trump, DeSantis, and Rick Scott campaign, or the philosophy of Joe Biden and his failed blue state cities proxies? Make your plans accordingly.
Manmade disasters are as bad, and probably worse, than natural ones. Biden has let Putin have his way, and it’s getting uglier by the minute. The power grid back here in the U.S. could be fixed in a New York minute, but the green crusade likes that it’s unreliable. And the markets react accordingly, like they always do. And, as is always the case, investors realize their tolerance for risk is much lower than they thought it was—AFTER the markets take a hit.
Sell bonds? Are you crazy? Look at the money flow. Investors are selling bonds the second prices go down. They’re dumping bonds as if on cue. Your Survival Guy? Not a chance. Listen, if you have a bond ladder you stand there and do nothing. You collect your interest, and if all goes according to plan, you get your principal at maturity. Remember, prices are a qualitative event. They are a ball of emotions and angst. Prices are a “market,” not a “sure thing.”
Action Line: In my conversation with you yesterday, you told me you were ten years old at the outset of World War II, and you lived through the great inflation of the 70s. It wasn’t great. What’s the advice you’re giving your loved ones? Plug in that old freezer in the garage and start freezing some bread. Stay with me, this could take a while.
P.S. The Dispatch reports, “On the ground in Ukrainian cities thus far, the situation might best be summed up with one word: lines. Lines to get cash out of the ATM, lines to pick up prescriptions at the pharmacy, lines to fill up at the gas station. Thousands upon thousands of cars were seen stuck in traffic Thursday morning attempting to leave Kyiv and head west toward Poland—and away from Russia.”
Flashback to the Trump administration:
I know CNN & MSNBC never aired this, so I figured I would. Spot on, don't you think? pic.twitter.com/6V1vRKxP8p
— Justin Pulitzer Trades 🍊 (@JustinPulitzer) February 24, 2022
And then you have John Kerry…
Former U.S. Secretary of State John Kerry on BBC Arabic: The Ukraine Crisis Could Distract the World from the Climate Crisis While Having Massive Emissions Consequences #RussiaUkraineConflict #UkraineRussie #UkraineRussiaCrisis #ClimateCrisis @JohnKerry @ClimateEnvoy pic.twitter.com/nsOC1iZeGm
— MEMRI (@MEMRIReports) February 24, 2022